Tag: oil

The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern call for transparency and accountability from the Nigerian National Petroleum Company Limited (NNPCL), demanding answers regarding the whereabouts of ...

In a dramatic turn of events, global oil markets roared back to life on Monday, with prices surging more than 3% after the United States and China announced a temporary ...

In a significant setback for Nigeria’s oil sector, Renaissance Africa Energy Company Limited, the new operator of assets previously managed by Shell Petroleum Development Company (SPDC), has halted production along ...

Oil prices staged a dramatic recovery on Tuesday, climbing approximately 4% after hitting a four-year low the previous day. The rebound was fueled by a confluence of factors: signs of ...

Eight OPEC+ nations, including Saudi Arabia and Russia, decided on Saturday to boost oil production by 411,000 barrels per day in June 2025, up from May's 137,000 barrels. This follows ...

Shell, the British energy giant, reported a 35% drop in first-quarter net profit to $4.8 billion in 2025, down from the previous year, due to declining oil prices. The slump ...

Multiple nations within the Organization of the Petroleum Exporting Countries (OPEC) are expected to advocate for a faster increase in oil production for June, marking the second straight month of ...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned refineries, depot operators, and industry stakeholders in the petroleum sector to avoid inadequate waste management practices. The details were ...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members employed by Newcross Exploration and Production Company, operator of Oil Mining Lease (OML) 24 in ...

Nigeria’s crude oil output has plummeted to an unprecedented low, coinciding with the appointment of Ibas as Rivers State Administrator.The decline comes amid fears that unrest and opposition sparked by ...